All Else Being Equal,an Increase in ________ Would Shift the Long-Run

question 136

Multiple Choice

All else being equal,an increase in ________ would shift the long-run aggregate supply curve to the left.

• A) the cyclical unemployment rate
• B) the inflation rate
• C) economic growth
• D) government spending
• E) the rate at which capital depreciates

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Definitions:

Low-Income Families

Households earning significantly below the median income level of a region, often facing financial difficulties and limited access to basic needs and services.

Social Security System

A government-sponsored program providing monetary assistance to people with an inadequate or no income.

Temporary Assistance to Needy Families (TANF)

A federal assistance program that provides financial aid to low-income families with dependent children.

Earned Income Tax Credit

A refundable tax credit for low to moderate-income working individuals and families, particularly those with children.